WhatsApp co-founder Brian Acton quits the company after eight years

In his Facebook post, which announced his resignation to the public, Brian wrote that he has made a decision to move on in life to start a new life and hence, leaving Whatsapp with immediate effect.

Mr. Acton's exit comes as WhatsApp lays the groundwork to make. "I've made a decision to start a foundation focused at the intersection of nonprofit, technology and communications".

"It's something I've thought about for a while, and now it's time to just focus and execute", the 45-year-old added. Before posting this, he announced his departure to his colleagues in an all hands meeting at the FB headquarters. He announced his resignation today through a Facebookpost. Though, he did not share more concrete details about his new venture. According to sources who've spoken to Recode, Acton was also instrumental in pushing for encryption on WhatsApp. A Stanford alumnus, Acton co-founded WhatsApp with Ukrainian immigrant Jan Koum in 2009. They both used to work at Yahoo before starting WhatsApp.

While there is no clarity as to what Acton will be focussed on as the ideas he has mentioned are quite broad. According to Forbes, Acton has a net worth of $6.5 million. In a detailed Facebook post, Acton reveals why he is leaving the company and what he is going to do next.

Acton's departure comes at a time when WhatsApp is not now generating any revenue and plans to hire for a number of key positions.

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